Accenture Released Better-than-Expected Results for the Third Quarter

Published on: 29 Jun, 2018

On Thursday, ACN Inc. (NYSE: ACN) announced its financial results for the third quarter of fiscal 2018.

“We delivered outstanding financial results for the third quarter. I am particularly pleased with our record new bookings of $11.7 billion and our double-digit revenue growth, which again was exceptionally balanced across the dimensions of our business,” Pierre Nanterme, the chairman and CEO of Accenture, commented in the statement on Thursday.

According to the company, net revenues for the third quarter increased from $8.87 billion for

the same period last year to $10.31 billion, beating analysts’ estimates by $270 million. In

addition, net revenues of consulting for the third quarter increased 18% to $5.69 billion, and

net sales of outsourcing increased 14% to $4.63 billion.

Net income for the third quarter rose from $669.5 million for the same period last year to $1.04 billion. Earnings per share was reported to be $1.60 per share, increasing from $1.05 per share for the same period last year. Excluding certain items, adjusted earnings per share was $1.79 per share, which beat analysts’ estimates of $1.72 per share.

“We continue to invest to build highly differentiated capabilities and capture new growth opportunities. These investments and our innovation-led approach position us very well to continue gaining market share and delivering value for our clients and shareholders,” Pierre continued.

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